Core Points - The company, Beijing Kejingyuan Technology Co., Ltd., successfully raised a total of RMB 771,428,610 through its initial public offering, with a net amount of RMB 628,791,176 after deducting issuance costs [1][2] - As of June 30, 2025, the company has utilized RMB 574,381,555.08 of the raised funds, leaving a balance of RMB 35,272,566.85 [2][5] - The company has established a dedicated account for the management of raised funds, ensuring compliance with regulatory requirements [3][4] Fundraising Overview - The total amount raised was RMB 771,428,610, with issuance costs amounting to RMB 142,637,433.77, resulting in a net amount of RMB 628,791,176.23 [1][2] - The funds were deposited into the company's designated account on August 7, 2023, and verified by Da Xin Accounting Firm [1] Fund Utilization and Balance - The company has utilized RMB 574,381,555.08 of the raised funds by June 30, 2025, with a remaining balance of RMB 35,272,566.85 [2][5] - The company temporarily used RMB 30,000,000 of idle funds to supplement working capital, which will be returned to the dedicated account before the deadline [7][14] Fund Management - The company has implemented a fund management system to ensure the effective use of raised funds, in compliance with relevant regulations [2][3] - A tripartite supervision agreement has been signed with banks and sponsors to manage the raised funds [3] Project Implementation - The company has not changed the implementation locations or methods for its fundraising projects during the reporting period [5] - The company approved the use of RMB 268,791,176.23 in interest-free loans to its wholly-owned subsidiaries for project implementation [8] Project Delays - The "Beijing Kejingyuan Headquarters Base Project" has been postponed from December 1, 2024, to December 1, 2026, due to construction complexities and external factors [9][12] Remaining Funds - As of June 30, 2025, the company has a remaining balance of RMB 65,272,566.85 in raised funds, which will be allocated to committed projects based on their construction progress [16]

Group 1 - The company plans to apply for a credit limit of up to RMB 350 million from banks to meet its operational funding needs, with the actual credit limit subject to approval by financial institutions [1][2] - The financing guarantee includes unconditional guarantees provided by the actual controllers of the company, Mr. Ge Jing and Ms. Zhang Rumin, for the credit limit application [2][3] - The company intends to apply for a working capital loan of RMB 20 million from China Merchants Bank, with a one-year loan term, guaranteed by Beijing Haidian Technology Enterprise Financing Guarantee Co., Ltd [2][3] Group 2 - Mr. Ge Jing, the controlling shareholder and actual controller of the company, holds 23.99% of the shares, while Ms. Zhang Rumin holds 6.79% of the shares [3] - The guarantees provided by Mr. Ge and Ms. Zhang are unconditional and do not incur any guarantee fees for the company, aligning with the interests of the company and all shareholders [3][5] - The total amount of various related party transactions that have occurred with the related parties since the beginning of the year is RMB 185.4 million, excluding the current RMB 20 million loan [4]

Group 1 - The financing decision system is established to promote the healthy and stable development of Beijing KJY Technology Co., Ltd. and to control financing risks [1] - The system applies to various financing behaviors, including issuing new shares and corporate bonds, which require board discussion and shareholder approval [1][2] - The company can set an annual borrowing limit during the financial budget preparation, which must be approved by the board and shareholders [1] Group 2 - Any department or individual violating the financing decision system may face disciplinary actions, and responsible parties must compensate for any losses incurred [2] - The board must consider the company's financing conditions and analyze the pros and cons of various financing methods when reviewing major financing proposals [2] - The company must ensure fairness in information disclosure during refinancing processes and cannot provide undisclosed significant information to attract subscriptions [2]

Core Viewpoint - The article outlines the compensation management system for the board of directors and senior management of Beijing Kejingyuan Technology Co., Ltd, aiming to establish an effective incentive and restraint mechanism to enhance operational efficiency and align compensation with company performance and shareholder interests [1][2]. Summary by Sections General Principles - The compensation management system is designed to regulate the salaries of the board of directors and senior management, ensuring it is competitive with market standards [2]. - The applicable directors include all current members of the board, categorized into internal, external, and independent directors [2]. Compensation Management - The shareholders' meeting is responsible for reviewing the compensation plans for directors, while the board of directors handles the plans for senior management [3]. - The compensation committee is tasked with formulating and reviewing the compensation plans and conducting annual performance evaluations [3]. Compensation Standards and Distribution - Internal directors who are also senior management will receive compensation according to senior management standards, while external and independent directors will receive compensation as approved by the shareholders' meeting [4]. - Senior management's compensation consists of a base salary and performance-based pay, with the base salary determined by various factors including position and market conditions [4]. Restraint Mechanism - The company reserves the right to reduce or withhold performance pay or allowances under certain circumstances, such as public reprimands or significant violations of regulations [5]. - The compensation is considered pre-tax income, and individuals are required to pay personal income tax accordingly [5]. Miscellaneous - Any matters not covered by this system will be governed by relevant national laws and regulations [5]. - The board of directors is authorized to interpret and amend this system, which takes effect upon approval by the shareholders' meeting [5].

Core Viewpoint - The document outlines the management system for subsidiaries of Beijing KJY Technology Co., Ltd, emphasizing the importance of governance, operational independence, and compliance with relevant laws and regulations [1][2]. Group 1: General Principles - The company aims to strengthen management over its subsidiaries to protect the rights of the company and its investors, following various legal frameworks [1]. - Subsidiaries are required to establish a sound governance structure and operate independently while adhering to the company's internal control systems [1]. Group 2: Establishment and Deregistration of Subsidiaries - The establishment of subsidiaries must align with national industrial policies and the company's strategic goals, preventing unregulated investments [2]. - Investment justification is required before establishing a subsidiary, which must be approved by the general manager's office or the board of directors [2][3]. - Subsidiaries must report establishment or deregistration documents to the board office within five working days [3]. Group 3: Management of Controlling Subsidiaries - Controlling subsidiaries must establish a governance structure and internal management systems in compliance with the law [4]. - They are required to report significant matters such as restructuring, mergers, and financial performance to the board [4][5]. - Controlling subsidiaries must maintain strict document management practices for important corporate documents [5]. Group 4: Personnel Management - The company appoints representatives and management personnel to controlling subsidiaries to ensure alignment with its strategic goals [6]. - The selection process for appointed personnel must comply with legal and internal regulations [6][7]. - Appointed personnel are responsible for maintaining the company's interests and must adhere to legal obligations [8]. Group 5: Financial and Investment Management - Controlling subsidiaries must follow unified financial management policies and report financial data accurately [23][24]. - Any acquisition or disposal of fixed assets exceeding 5 million must be communicated with the company beforehand [26]. - Subsidiaries are prohibited from providing external guarantees without prior approval from the board [29]. Group 6: Information Management - The company's information disclosure management system applies to controlling subsidiaries, which must report significant information promptly [35][36]. - Subsidiaries must ensure the accuracy and completeness of the information provided to the company [36]. Group 7: Internal Audit and Supervision - The company conducts regular audits of controlling subsidiaries to ensure compliance with laws and internal regulations [39]. - Subsidiaries must cooperate fully with audit processes and provide necessary documentation [40]. Group 8: Management of Non-controlling Subsidiaries - Non-controlling subsidiaries must establish governance structures and operate in compliance with legal requirements [42]. - The company manages non-controlling subsidiaries primarily through appointed representatives [42][43]. Group 9: Performance Evaluation and Incentive Mechanisms - Subsidiaries are required to establish performance evaluation and incentive mechanisms to motivate employees [48]. - The company has the right to impose penalties on subsidiary personnel who fail to fulfill their responsibilities [50].

Core Viewpoint - The document outlines the external guarantee management system of Beijing KJY Technology Co., Ltd, emphasizing the need for strict compliance with relevant laws and regulations to mitigate risks associated with external guarantees [1][2][3]. Group 1: General Principles - The external guarantee refers to the guarantees provided by the company for others, including guarantees for its controlling subsidiaries [1]. - The total amount of external guarantees includes both the company's guarantees and those of its controlling subsidiaries [1][2]. - The company must adhere to various laws and regulations, including the Company Law and Securities Law, to control debt risks arising from external guarantees [2][3]. Group 2: Management and Approval Process - External guarantees must be uniformly managed, requiring board or shareholder approval before any contracts can be signed [2][3]. - Directors and senior management are responsible for prudently managing and controlling the risks associated with guarantees, bearing joint liability for any violations [2][3]. - The highest decision-making body for external guarantees is the shareholders' meeting, while the board of directors exercises decision-making authority within the limits set by the company's articles of association [6][7]. Group 3: Scope and Conditions for Guarantees - The company can provide guarantees only to legal entities that meet specific criteria, such as having sound financial systems and strong creditworthiness [4][5]. - Guarantees cannot be provided to any non-legal entities or individuals [4][5]. - The company must conduct thorough investigations into the financial and operational status of the entities it intends to guarantee [12][13]. Group 4: Risk Management and Disclosure - The financial department is responsible for managing and auditing guarantee activities, ensuring that all contracts are properly documented and monitored [34][35]. - The company must disclose any guarantees exceeding certain thresholds, including those involving significant amounts or related parties [15][16]. - If a guaranteed entity fails to meet its obligations, the company must take necessary measures to mitigate losses and pursue recovery [36][39].

Core Viewpoint - The document outlines the management system for fund transactions between Beijing Kejingyuan Technology Co., Ltd. and its related parties, aiming to prevent fund occupation by related parties and protect the rights of the company and its stakeholders [1][2]. Group 1: General Principles - The system is established to regulate fund transactions with controlling shareholders, actual controllers, and other related parties to avoid fund occupation [1]. - The scope of the system includes subsidiaries that are consolidated in the company's financial statements [1]. Group 2: Definitions and Responsibilities - Fund occupation is categorized into operational and non-operational types, with operational occupation arising from business transactions and non-operational occupation involving payments for wages, benefits, and other expenses on behalf of related parties [2]. - Company directors and senior management are legally obligated to ensure the safety of company funds and must diligently perform their duties [6]. Group 3: Prevention of Fund Occupation - The company prohibits various methods of providing funds to related parties, including direct or indirect loans, unauthorized investments, and debt repayments on behalf of related parties [7]. - Strict adherence to relevant regulations and internal procedures is required for any transactions with related parties [8]. Group 4: Transaction Procedures - The finance department must review and ensure compliance with the company's articles and decision-making procedures before processing payments to related parties [20]. - Payments require approval from the finance manager and the chairman before execution [21]. Group 5: Accountability and Penalties - Directors and senior management who violate the system and cause losses to the company will face administrative penalties and civil liability [24]. - The company will take legal action against related parties that occupy funds unlawfully, seeking compensation for any losses incurred [26].

Group 1 - The establishment of the Strategic Committee aims to enhance the company's core competitiveness and improve decision-making efficiency regarding major investments and capital operations [1][2] - The Strategic Committee is composed of three directors, including at least one independent director, and is chaired by the company's chairman [2][3] - The main responsibilities of the Strategic Committee include researching and proposing suggestions on the company's medium to long-term development strategy and major investment decisions [2][3] Group 2 - The decision-making process of the Strategic Committee involves preparation by the board secretary, internal approval of meeting documents, and submission of proposals to the board for review [3][4] - The Strategic Committee meetings require the presence of at least two-thirds of the members to be valid, and decisions must be approved by a majority [4][5] - The committee can invite external professionals for advice, with costs covered by the company, and all meeting participants are bound by confidentiality obligations [4][5]

Core Points - The implementation rules for cumulative voting are established to protect the rights of minority shareholders and improve the corporate governance structure of Beijing KJY Technology Co., Ltd [1][2] - Cumulative voting allows shareholders to concentrate their voting rights for the election of directors, with each share providing a number of votes equal to the number of directors to be elected [1][2] - The election of two or more directors must adopt the cumulative voting system, with separate voting for independent and non-independent directors [1][2][3] Section Summaries General Provisions - The rules are based on relevant regulations and the company's articles of association to ensure all shareholders can fully exercise their rights [1] - Cumulative voting means shareholders can use their voting rights in a concentrated manner for one or more candidates [1][2] Nomination of Director Candidates - The list of director candidates is proposed according to legal and regulatory requirements [2] - If the number of qualified candidates exceeds the number of positions, a differential election will be implemented [2] Voting and Election of Directors - The cumulative voting system must be clearly stated in the notice of the shareholders' meeting [3] - Each shareholder's voting rights are calculated based on their shareholding and the number of directors to be elected [3][4] - The voting process includes multiple rounds if necessary, with the results announced by the meeting's monitor [4][5] Additional Provisions - Any matters not covered by these rules will follow national laws and the company's articles of association [5] - The board of directors is responsible for interpreting these rules, which take effect upon approval by the shareholders' meeting [5]

Core Viewpoint - The company has established a responsibility accountability system for significant errors in annual report information disclosure to enhance the quality and transparency of its disclosures [1][2]. Group 1: General Principles - The accountability system aims to ensure the authenticity, accuracy, completeness, and timeliness of annual report disclosures [1]. - The system applies to various personnel, including directors, senior management, subsidiary heads, controlling shareholders, and others involved in the disclosure process [1]. Group 2: Conditions for Accountability - Responsibility will be pursued in cases of violations of laws and regulations leading to significant errors in annual report disclosures [2]. - Specific conditions include failure to follow internal control procedures, lack of timely communication, and other personal reasons causing significant errors [2][3]. Group 3: Severity of Accountability - More severe penalties will be applied for serious cases caused by subjective factors or for obstructing investigations [3]. - Mitigating circumstances may include effective prevention of adverse outcomes or correction of losses [4]. Group 4: Forms and Types of Accountability - The company may impose various forms of penalties, including correction orders, public criticism, demotion, and financial compensation [5]. - The board of directors is responsible for determining the specific penalties based on the circumstances of each case [5].